TonenGeneral's Australian storage facility delayed

摘要

TonenGeneral Sekiyu's plans to establish a 230 million liter fuel storage facility at Port Kembla on Australia's east coast appear to have suffered a slight delay, with construction of the joint venture facility now not expected to be completed until 2018. In 2015, TonenGeneral joined a growing number of Japanese companies trying to gain a foothold in the Australian market to capitalize on its position as a major importer of transport fuels in Asia Pacific. The Japanese refiner was one of the largest oil product exporters to Australia in 2014, supplying 12% of the country's demand.